Japanese yen jumps on report Kazuo Ueda will be next governor of the central bank
Publishing timestamp: 2023-02-10 06:34:05
Summary
Japanese yen strengthened against the US dollar on Friday after Nikkei reported that Kazuo Ueda would be appointed as Bank of Japan's next governor. Ueda would replace Haruhiko Kuroda, whose term started in 2013 and will end in 2023. Analysts said it was unclear what Ueda's appointment would mean for monetary policy. Ueda had not been considered a leading candidate by many BOJ watchers, but economists said he may not be a "super hawkish type" so any "normalization" would take place very slowly.
Sentiment: NEUTRAL
Tickers: JPY=, JP10Y-JP, EURJPY=,
Keywords: euro/japanese yen fx cross rate, business news, usd/jpy, central banking,